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    Gate.io Launches 3X-leveraged ETFs of BTC3L & BTC3S

    Creation Time:2020-02-25 18:10:31 UTCRead:199674

    BTC3L is a 3X-long-bitcoin ETF and BTC3S is a 3X-short-bitcoin ETF, whose spread is approximately three times larger or smaller than that of BTC. The leverage rate is corrected daily to remain leveraged at 3X through the rebalancing of BTC3L & BTC3S; users can easily trade on margin without paying any collateral. ETF products are governed as hedge funds in the Perpetual Contract market, which requires 0.3% daily management fees to cover the costs of the handling fees and market quotations arisen in the contract market (the management fees are directly deducted from the management funds, instead of the trading funds of the users). Except for the management fees, no extra contract funding rate is charged.

    ETF products are provided with optimized funds management, which strives to diminish the costs and risks in the margin trading. Please note that the price of these ETF products depends on their spread, irrespective of the price of their underlying token. Users can refer to the net value during the trading with the initial price set as 1USDT. Currently, the launch is still at a testing stage. All users should be aware of possible large fluctuations in price and the high risks they bring, before commencing to trade.

    3X Long Bitcoin Trading Product: BTC3L
    Trading time: UTC 8:00 February 26, 2020
    Trade BTC3L at: https://www.gate.io/trade/BTC3L_USDT
    For app users, please enter “Market” for trading and enter “Wallets”- “Spot Account” for deposit.

    3X Short Bitcoin Trading Product: BTC3S
    Trade BTC3S at: https://www.gate.io/trade/BTC3S_USDT
    For app users, please enter “Market” for trading and enter “Wallets”- “Spot Account” for deposit.
    Risk warning: please note that prices fluctuate greatly in the cryptocurrency market, which means that 3x-leveraged ETF products bring greater risks. Users should be aware of the market risks and proceed with investments cautiously.

    Gate.io is a trading platform that does not charge listing fee, only launches quality projects, and provides users with a 100% guarantee and instant deposit-withdrawal services.
    Get 30% trading fee in the affiliate program at https://www.gate.io/myaccount/myreferrals

    Gate.io New Features:
    Spot Trading on Gate.io (200+ tokens):https://www.gate.io/trade/BTC_USDT
    Margin Trading on Gate.io (Long or Short):https://www.gate.io/margin_trade/BTC_USDT
    Perpetual Contract Trading:https://www.gate.io/futures_trade/BTC_USD
    Lending on Gate.io (secure and stable, high annual return):https://www.gate.io/margin/lend/USDT
    C2C Trading on Gate.io:https://www.gate.io/c2c/usdt_cny
    Download Gate.io APP:https://www.gate.io/mobileapp
    Download Wallet.io (ALL in ONE):https://www.wallet.io/

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    February 26, 2020
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